Under the Reserve Bank of India's classification of the legal framework of banking, which Act among the…
In the Reserve Bank of India's classification of the legal framework of banking, the coinage law, which governs currency and coins, is listed among Acts governing specific…
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Under the Reserve Bank of India's classification of the legal framework of banking, which Act among the below is categorised under Acts governing specific functions?
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Correct answer A
In the Reserve Bank of India's classification of the legal framework of banking, the coinage law, which governs currency and coins, is listed among Acts governing specific functions; the Coinage Act, 2011 replaced the earlier Indian Coinage Act, 1906 in that role. The Bankers' Books Evidence Act, 1891, the Negotiable Instruments Act, 1881 and the Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980 are listed among Acts governing banking operations.
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Maharashtra and Goa SET (MH SET)